Gold: A Trend Toward 1,000
With gold crossing the $900 an ounce mark this week, investors wonder whether the benchmark precious metal is nearing a top or poised for a run to higher ground, even the previously unthinkable $1,000 per ounce mark. Gold reached $915.90 on the New York Mercantile Exchange this week, an all-time high, and has since hovered around the $900 level the rest of the week. According to CNN Money, Citi Investment Research Gold Analyst John Hill added his voice to a growing feeling among analysts that the metal has a chance to top the $1,000 mark in 2008. Gold has traditionally…